Hilton Worldwide (NYSE:HLT) Reaches New 12-Month High Following Analyst Upgrade

Hilton Worldwide Holdings Inc. (NYSE:HLTGet Free Report)’s share price hit a new 52-week high during mid-day trading on Wednesday after Robert W. Baird raised their price target on the stock from $285.00 to $305.00. Robert W. Baird currently has an outperform rating on the stock. Hilton Worldwide traded as high as $306.93 and last traded at $307.2920, with a volume of 51259 shares changing hands. The stock had previously closed at $304.60.

A number of other brokerages have also recently commented on HLT. Jefferies Financial Group upped their price target on shares of Hilton Worldwide from $322.00 to $339.00 and gave the company a “buy” rating in a research note on Monday, January 12th. JPMorgan Chase & Co. raised their price target on Hilton Worldwide from $288.00 to $318.00 and gave the stock an “overweight” rating in a report on Tuesday. Morgan Stanley boosted their price objective on Hilton Worldwide from $289.00 to $306.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Barclays increased their price objective on Hilton Worldwide from $297.00 to $309.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. Finally, Wells Fargo & Company lifted their target price on Hilton Worldwide from $332.00 to $338.00 and gave the company an “overweight” rating in a report on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $306.39.

Check Out Our Latest Stock Report on Hilton Worldwide

Key Headlines Impacting Hilton Worldwide

Here are the key news stories impacting Hilton Worldwide this week:

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of HLT. Moss Adams Wealth Advisors LLC lifted its position in shares of Hilton Worldwide by 2.8% during the 4th quarter. Moss Adams Wealth Advisors LLC now owns 1,330 shares of the company’s stock worth $382,000 after buying an additional 36 shares during the last quarter. Quent Capital LLC raised its stake in Hilton Worldwide by 3.8% during the 4th quarter. Quent Capital LLC now owns 1,000 shares of the company’s stock worth $287,000 after acquiring an additional 37 shares in the last quarter. GLOBALT Investments LLC GA lifted its position in Hilton Worldwide by 1.2% in the third quarter. GLOBALT Investments LLC GA now owns 3,277 shares of the company’s stock valued at $850,000 after acquiring an additional 38 shares during the last quarter. L2 Asset Management LLC boosted its stake in Hilton Worldwide by 3.6% in the third quarter. L2 Asset Management LLC now owns 1,084 shares of the company’s stock valued at $281,000 after acquiring an additional 38 shares in the last quarter. Finally, Benjamin Edwards Inc. grew its holdings in shares of Hilton Worldwide by 1.6% during the second quarter. Benjamin Edwards Inc. now owns 2,555 shares of the company’s stock worth $680,000 after purchasing an additional 39 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors.

Hilton Worldwide Price Performance

The firm has a market cap of $71.67 billion, a price-to-earnings ratio of 44.63, a PEG ratio of 2.63 and a beta of 1.13. The stock has a 50-day moving average price of $291.37 and a 200 day moving average price of $276.20.

About Hilton Worldwide

(Get Free Report)

Hilton Worldwide Holdings Inc is a global hospitality company that develops, owns, manages and franchises a broad portfolio of hotels and resorts. Its business spans full-service luxury and lifestyle properties, select- and focused-service hotels, and extended-stay accommodations. The company generates revenue through management and franchise fees, owned and leased real estate, and guest services, and supports customer retention and direct bookings through its Hilton Honors guest loyalty program.

Hilton’s brand portfolio includes internationally recognized names across the lodging spectrum, from luxury and upper-upscale brands to midscale and extended-stay offerings.

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